Where are the UK's £1m houses? These London boroughs sold more £1m-homes than Scotland, Wales and the rest of the UK combined

There are 712 houses worth over £1m in Kensington and Chelsea (Source: Getty)

All but two of London's boroughs have had more £1m-houses sold so far this year than the whole of Scotland.

From January to the end of August just two local authorities - Dagenham & Barking and Newham - have had no sales of £1m-homes, placing them in the same position as Scotland.

But even when compared to Wales, where 14 £1m-houses were sold in the first nine months of the year, London outpaces, with 27 boroughs experiencing a higher rate of premium properties being snapped up by eager house-hunters.

In total, 4,911 £1m-plus homes were sold throughout the capital compared with just seven in the North East.

Unsurprisingly perhaps, Kensington & Chelsea had the biggest single proportion of £1m-homes, followed by Westminster. Wandsworth came a distant third.

Using data up to the end of August from the Land Registry, we found that even the next region had just a fraction of London's total. In the South East, 1,496 homes sold for over £1m - just 30 per cent of that snapped up in London.

No borough outside London had more than 100 homes sold for over £1m. A total of 16 local authorities in London reached the century for the number of houses sold for £1m or more.

But while central London dominates, Surrey definitely has a healthy proportion.

Elmsbridge (197), Waverley (74) and Guildford (65) all rank in the top 25 boroughs by number of these homes.